NSE:OIL dropped significantly in 2008 and 2020 covid crash (even went negative for a short period).
Now NSE:OIL has formed a head and shoulders looking to move towards the neckline to confirm the right shoulder indicating to me lower prices for oil are coming.
NSE:OIL is down 5% today alone despite the news of Saudi Arabia reducing production to prop global oil prices up.
Having access to a cheap reliable abundant energy source is the bedrock of any strong economy in 21st century.
The deflation wave has begun created by the FED Quantitative Tightening Monetary Policies.
Now NSE:OIL has formed a head and shoulders looking to move towards the neckline to confirm the right shoulder indicating to me lower prices for oil are coming.
NSE:OIL is down 5% today alone despite the news of Saudi Arabia reducing production to prop global oil prices up.
Having access to a cheap reliable abundant energy source is the bedrock of any strong economy in 21st century.
The deflation wave has begun created by the FED Quantitative Tightening Monetary Policies.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.